Horace Mann Educators (NYSE:HMN) Given New $45.00 Price Target at Keefe, Bruyette & Woods

Horace Mann Educators (NYSE:HMN) had its target price upped by Keefe, Bruyette & Woods from $44.00 to $45.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a market perform rating on the insurance provider’s stock.

Other research analysts have also recently issued reports about the company. Piper Sandler increased their price target on Horace Mann Educators from $42.00 to $44.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. JMP Securities reiterated a “market perform” rating on shares of Horace Mann Educators in a research note on Friday, February 7th. Four research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Horace Mann Educators presently has a consensus rating of “Hold” and an average target price of $43.67.

Horace Mann Educators Price Performance

Shares of HMN opened at $42.47 on Tuesday. The company has a quick ratio of 0.09, a current ratio of 0.10 and a debt-to-equity ratio of 0.42. Horace Mann Educators has a twelve month low of $31.81 and a twelve month high of $43.26. The stock has a market capitalization of $1.73 billion, a P/E ratio of 17.12 and a beta of 0.31. The company has a 50 day moving average of $39.35 and a 200-day moving average of $37.48.

Horace Mann Educators (NYSE:HMN) last released its earnings results on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.58. Horace Mann Educators had a net margin of 6.44% and a return on equity of 10.58%. As a group, equities research analysts forecast that Horace Mann Educators will post 3.82 EPS for the current fiscal year.

Horace Mann Educators Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend was Monday, December 16th. Horace Mann Educators’s payout ratio is currently 54.84%.

Insiders Place Their Bets

In other news, CEO Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $41.97, for a total transaction of $167,880.00. Following the completion of the transaction, the chief executive officer now directly owns 300,542 shares in the company, valued at approximately $12,613,747.74. The trade was a 1.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Beverley J. Mcclure sold 2,817 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $38.36, for a total value of $108,060.12. Following the completion of the sale, the director now owns 16,352 shares in the company, valued at approximately $627,262.72. This trade represents a 14.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,817 shares of company stock valued at $583,020 over the last 90 days. 3.80% of the stock is currently owned by insiders.

Institutional Trading of Horace Mann Educators

A number of hedge funds have recently modified their holdings of the stock. Smartleaf Asset Management LLC raised its holdings in Horace Mann Educators by 389.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 779 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 620 shares during the period. GAMMA Investing LLC increased its stake in shares of Horace Mann Educators by 142.1% during the third quarter. GAMMA Investing LLC now owns 920 shares of the insurance provider’s stock worth $32,000 after purchasing an additional 540 shares during the period. KBC Group NV lifted its holdings in Horace Mann Educators by 60.2% during the 3rd quarter. KBC Group NV now owns 1,671 shares of the insurance provider’s stock worth $58,000 after purchasing an additional 628 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in Horace Mann Educators in the 4th quarter valued at $92,000. Finally, Captrust Financial Advisors acquired a new position in Horace Mann Educators in the 3rd quarter valued at $209,000. Institutional investors and hedge funds own 99.28% of the company’s stock.

About Horace Mann Educators

Horace Mann Educators Corporation, together with its subsidiaries, operates as an insurance holding company in the United States. The company operates through Property & Casualty, Life & Retirement, and Supplemental & Group Benefits segments. Its Property & Casualty segment offers insurance products, including private passenger auto insurance, residential home insurance, and personal umbrella insurance; and provides auto coverages including liability and collision, and property coverage for homeowners and renters.